Spectris Plc Correlations
| SEPJF Stock | USD 52.01 0.00 0.00% |
The current 90-days correlation between Spectris plc and FIT Hon Teng is 0.14 (i.e., Average diversification). The correlation of Spectris Plc is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Spectris Plc Correlation With Market
Excellent diversification
The correlation between Spectris plc and DJI is -0.54 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spectris plc and DJI in the same portfolio, assuming nothing else is changed.
Spectris |
The ability to find closely correlated positions to Spectris Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spectris Plc when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Spectris Plc - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Spectris plc to buy it.
Moving together with Spectris Pink Sheet
Moving against Spectris Pink Sheet
| 0.66 | FTV | Fortive Corp | PairCorr |
| 0.66 | SBSW | Sibanye Gold | PairCorr |
| 0.63 | CNOB | ConnectOne Bancorp Earnings Call This Week | PairCorr |
| 0.61 | KEYS | Keysight Technologies | PairCorr |
| 0.58 | BKKLY | Bangkok Bank PCL | PairCorr |
| 0.57 | MARUF | Marubeni | PairCorr |
| 0.56 | FTCI | FTC Solar | PairCorr |
| 0.55 | SSRM | SSR Mining | PairCorr |
| 0.54 | COHR | Coherent | PairCorr |
| 0.54 | DCI | Donaldson | PairCorr |
| 0.48 | MKSI | MKS Instruments Earnings Call Tomorrow | PairCorr |
| 0.48 | AEM | Agnico Eagle Mines | PairCorr |
| 0.45 | SEBC | Southeastern Banking Corp | PairCorr |
| 0.42 | YASKY | Yaskawa Electric Corp | PairCorr |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Spectris Pink Sheet performing well and Spectris Plc Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Spectris Plc's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OMRNY | 1.28 | (0.26) | 0.00 | (0.24) | 0.00 | 2.10 | 8.03 | |||
| FITGF | 2.64 | (0.22) | 0.00 | 7.36 | 0.00 | 7.46 | 22.13 | |||
| OMRNF | 0.05 | 0.01 | 0.00 | 1.17 | 0.00 | 0.00 | 1.55 | |||
| HROEY | 0.49 | (0.19) | 0.00 | 2.45 | 0.00 | 0.00 | 12.71 | |||
| SHMZF | 0.15 | 0.04 | 0.00 | 2.14 | 0.00 | 0.00 | 5.43 | |||
| HRSEF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ISMAY | 2.44 | 0.44 | 0.16 | 2.26 | 2.07 | 6.39 | 15.69 | |||
| TISNF | 7.92 | 4.38 | 0.00 | 11.86 | 0.00 | 32.61 | 32.61 | |||
| CODAF | 0.71 | 0.10 | 0.00 | 0.71 | 0.00 | 0.00 | 27.89 | |||
| BHTLF | 0.54 | 0.17 | 0.00 | (0.24) | 0.00 | 0.00 | 26.79 |
Spectris Plc Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Spectris Plc pink sheet to make a market-neutral strategy. Peer analysis of Spectris Plc could also be used in its relative valuation, which is a method of valuing Spectris Plc by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Spectris Plc Corporate Management
| Andrew Heath | Chief Executive Designate | Profile | |
| Rebecca Dunn | Head Governance | Profile | |
| MSc MA | Independent Director | Profile | |
| Siobhan Andrews | Head of Corporate Affairs, Investor Relationship | Profile | |
| Mark Fleiner | Pres Panalytical | Profile | |
| Judith Wettach | Head Devel | Profile |